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Fly News Breaks for August 5, 2016
OLED
Aug 5, 2016 | 09:01 EDT
As previously reported, Needham analyst James Ricchiuti downgraded Universal Display to Hold from Buy after the company's Q2 results came in modestly below expectations and management reduced the second half of the year revenue outlook, citing expectations of a less favorable mix of emitter revenue and lower than expected royalty revenues. While the analyst believes these are temporary issues, he says these headwinds could carry well into 2017.
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